A charitable bequest is simply a distribution from your estate to a charitable organization through your last will and testament. There are different kinds of bequests. For each, you must use very specific language to indicate the precise direction of your assets, and to successfully carry out your final wishes. In any charitable bequest, be sure to name the recipient accurately.
Below, we have listed some of the more common kinds of bequests, and some bequest language. We always recommend that you carefully review the terms of your will with a professional trained in handling trusts and estates.
are legacies left to certain people or causes that come from the general value of the estate, and are made by designating a specific dollar amount, a particular asset or a fixed percentage of your estate to the cause of your choice.
General bequest language:
“I give, devise, and bequeath to The Forgotten Soldier Program in Auburn, CA, the sum of $________(or a description of the specific asset), for the benefit of THE FORGOTTEN SOLDIER PROGRAM (EIN 27-2305344) and its general purposes.”
are made when a particular item or property is bequeathed for a designated purpose. (i.e., instruments bequeathed to the local school district for use in music education; dollar funds to be used in the operation of a school or church.)
Specific bequest language:
“I give, devise, and bequeath to THE FORGOTTEN SOLDIER PROGRAM Located in Auburn, CA, the sum of $_______ (or a description of a specific asset), for the benefit of THE FORGOTTEN SOLDIER PROGRAM (EIN 27-2305344) to be used for the following purpose: (state the purpose). If at any time in the judgment of the trustees of THE FORGOTTEN SOLDIER PROGRAM (EIN 27-2305344) it is impossible or impracticable to carry out exactly the designated purpose, they shall determine an alternative purpose closest to the designated purpose.”
are made when you intend to leave the residue portion of your assets after other terms of the will have been satisfied.
Residuary bequest language:
“All the rest, residue, and remainder of my estate, both real and personal, I give to THE FORGOTTEN SOLDIER PROGRAM (EIN 27-2305344) / Located in Auburn,CA, for its general purposes.”